Sundaram Finance Holdings Limited has completed the sale of its entire 39% stake in Sundaram Composite Structures Private Limited to Brakes India Private Limited for ₹24.64 crore through an off-market transaction. The divestment, originally expected by December 2025, was disclosed in a filing dated September 30, 2025. Transaction…
Saraswati Commercial, a leading investment firm, has applied for a ₹89.80 crore stake in the forthcoming Initial Public Offering (IPO) of Trualt Bioenergy, signaling strong institutional confidence in the company and the bioenergy sector. Investment Details The application has been made under the Qualified Institutional Buyer (QIB) segment,…
JSW Infrastructure Limited, one of India’s leading port infrastructure developers, announced that its subsidiary, Ennore Coal Terminal Private Limited (ECTPL), has received a show cause notice (SCN) worth ₹96.58 crore from the Chennai tax authorities. The notice pertains to alleged Goods and Services Tax (GST) contraventions during the…
Mahindra & Mahindra Ltd. (M&M) has signed a definitive Share Purchase Agreement to sell its entire stake in Sampo Rosenlew Oy (SAMPO), its Finnish subsidiary, to Turkey’s Tera Yatirim Teknoloji Holding Anonim Sirketi for a consideration of €5 million (approx. ₹52 crore). The deal is expected to close…
Mumbai, September 30: The Securities and Exchange Board of India (SEBI) has issued an administrative warning to Godrej Agrovet Limited for lapses in timely disclosures related to its indirect acquisition of Astec Lifesciences Limited. SEBI’s Findings In a letter dated September 29, SEBI observed that Godrej Agrovet failed…
Zaggle Prepaid Ocean Services has announced the acquisition of Greenedge Enterprises Private Limited for up to ₹25 crore, aiming to bolster its offerings in the loyalty and rewards segment. The acquisition includes 100% of Greenedge’s equity shares, along with an additional investment of up to ₹25 crore to…
The Securities and Exchange Board of India (SEBI) has barred Man Industries (India) Ltd and three of its top executives, including the Chairman, from accessing the securities markets for two years. The order comes after the regulator found evidence of financial misreporting and alleged fund diversion spanning multiple…
Indian Railway Finance Corporation Ltd (IRFC), the government-owned financing arm for railways and allied infrastructure, has entered into two major loan agreements totaling ₹16,489 crore to support upcoming supercritical thermal power projects in Haryana and Maharashtra. The agreements mark a significant push in strengthening state-level generation capacity and…
State-run defence and aerospace electronics company Bharat Electronics Ltd (BEL) on Monday announced that it has secured additional orders valued at ₹1,092 crore, strengthening its order pipeline across multiple defence segments. New Orders Across Key Defence Domains According to BEL’s regulatory filing, the newly bagged contracts cover a…
Stay ahead with today’s key market updates across corporates, financials, and regulatory actions. 🔑 Major Developments IRFC Signs Mega Loan Deals Worth ₹16,489 Crore Indian Railway Finance Corporation (IRFC) inked two major loan agreements to fund supercritical thermal power projects in Haryana and Maharashtra. ₹5,929 crore with Haryana…